Prevail Innovative Wealth Advisors LLC Grows Position in Fiserv, Inc. (NYSE:FI)

Prevail Innovative Wealth Advisors LLC grew its stake in Fiserv, Inc. (NYSE:FI) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,739 shares of the business services provider’s stock after buying an additional 102 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in Fiserv were worth $357,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FI. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Fiserv by 2,490,200.0% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 24,903 shares of the business services provider’s stock worth $4,474,000 after buying an additional 24,902 shares during the period. Public Sector Pension Investment Board boosted its stake in shares of Fiserv by 9.7% in the third quarter. Public Sector Pension Investment Board now owns 23,839 shares of the business services provider’s stock worth $4,283,000 after acquiring an additional 2,100 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of Fiserv by 0.4% during the third quarter. Rockefeller Capital Management L.P. now owns 83,940 shares of the business services provider’s stock worth $15,076,000 after purchasing an additional 297 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in Fiserv by 43.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 547,145 shares of the business services provider’s stock valued at $98,295,000 after purchasing an additional 165,849 shares during the period. Finally, Cobblestone Capital Advisors LLC NY bought a new stake in Fiserv during the 3rd quarter valued at approximately $235,000. Institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the transaction, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

Shares of Fiserv stock opened at $216.15 on Monday. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $238.59. The company has a market capitalization of $121.32 billion, a PE ratio of 40.10, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. The stock’s fifty day moving average is $222.00 and its two-hundred day moving average is $208.17. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. As a group, analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its board has approved a share repurchase plan on Thursday, February 20th that allows the company to buyback 60,000,000 outstanding shares. This buyback authorization allows the business services provider to buy shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have issued reports on FI. Keefe, Bruyette & Woods increased their price objective on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. StockNews.com began coverage on shares of Fiserv in a report on Sunday, March 23rd. They issued a “buy” rating on the stock. Stephens increased their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. The Goldman Sachs Group lifted their target price on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Finally, Oppenheimer increased their price target on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Two research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Fiserv currently has an average rating of “Buy” and a consensus target price of $242.32.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.